FLORENCE

1505 N PINE ST, P.O. BOX 2817
Florence, AL 35630

Notable Rates APY Vs.Others
Savings 0.30% 1.96% →
1-Year CD 1.15% 2.02% →
2-Year CD 1.25% 2.02% →
5-Year CD 1.45% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Credit Union Information

Florence is an NCUA insured institution located in Florence, AL. It was founded in 1959 and has approximately $53.88 millions in assets.

NCUA Insured Yes
Charter Number # # 13167
Date Established 1959
Assets $53.88 million
Loans $18.55 million
Deposits $46.59 million
Capital $6.65 million
 

Field of Membership Restrictions

Membership is open to those who live, work , worship, or attend school in, and businesses and other legal entities located in Colbert and Lauderdale Counties.

Deposit Rates - March 31, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.35% $2,500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.40% $500 - Learn MoreShow Less
6 Mo CD
0.95% $500 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.15% $500 - Learn MoreShow Less

Loan Rates - March 31, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for FLORENCE

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to FLORENCE
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Florence branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Florence Locations


Financial Details

Florence Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florence. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Florence U.S. Average
3.34% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Florence had $223,788 in non-current loans and $991 in owned assets. To cover these potential losses it had $6,648,363 in net worth and $89,874 in loans loss reserves. That gives it a Texas Ratio of 3.34%.

Net Worth
Florence U.S. Average
12.33% 13.65%

Florence FCU has a net worth of 12.33% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Florence

Branches and Savings

What is Florence?

A federal credit union, registered with the NCUA under certificate #13167.
Learn more about credit unions here.

Is Florence FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Florence?

Please see Field of Membership information above for information on who is eligible to join.

What are Florence's share account and share certificate rates?

Florence's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Florence?

Florence has total capital of $6.65 million. Full information on Florence's financial position is located above.

Who owns Florence?

Credit Unions are owned by their members.

Where are Florence branches located?

See branch locations nearby.

Are Florence ATMs Open 24/7?

Do Florence ATMs accept cash deposits?

Can Florence customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Florence have a mobile app?

Does Florence have mobile deposit?

Does Florence have quick pay?

How can Florence transfer money to other banks or credit unions?

Does Florence report to credit bureaus?

Does Florence use Chexsystems?

Does Florence use Equifax?

What is Florence's toll free phone number?

What is Florence's ACH Routing Number?

What is Florence's SWIFT code?

Where can I find Florence's wire transfer form?

What is the Florence address for deposits?

What Products Does Florence Offer

Does Florence offer mortgages?

Compare mortgage rates here.

Does Florence offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Florence offer auto and RV loans?

Compare auto loan rates here.

Does Florence offer student loans or personal loans?

Compare personal loan rates here.

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